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What is Engineering Economics Lecture Notes about?

This document provides an introduction to engineering economics. It defines engineering and economics and explains how they are related. Engineering economics involves systematically evaluating the costs and benefits of proposed technical projects. The document outlines seven principles of engineering economic analysis, including developing alternatives, focusing on differences, using a consistent viewpoint, and considering uncertainty. It provides an example problem demonstrating how to apply the seven-ste

Author

anduamlak wondimagegn

Language

EN